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NHL Rejects Kovalchuk 17-year contract with Devils

As if the Kovalchuk saga can't get anymore bizarre, the NHL rejected his most recent contract with the New Jersey Devils. At first glance a 17-year deal seemed ludicrous, especially in the cap era of the NHL. All indications are is that the NHLPA will file a grievance which may take five days. Expecting more details in the morning. Stay tuned!

Town of Hempstead to unveil their vision of Lighthouse Project

About 8 years ago, just 2 years after purchasing the Islanders, Charles Wang and partner Scott Rechler created a vision for development of Nassau Coliseum and the surrounding area. About 4 years ago, Nassau County on Long Island approved their vision by a 16-2 vote. After fighting with the Town of Hempstead (who now gets final say), and after several failed attempts in the previous 8 years to meet with the Town Supervisor Kate Murray, the town will finally unveil their vision of the Lighthouse Project today at a press conference.
The original plans called for an estimated $3.74 billion project that would be financed by the developers. It called for over 2,300 residential units, a sports complex with ice rinks, indoor soccer and more, a sports science center to be associated with Hofstra University and Nassau Community College, retail space, a hotel with a conference center, office buildings and many other features including a refurbished Nassau Coliseum. Wang's vision was that the Lighthouse Project could be a destination for people on Long Island and also a progressive change forward in our society that would help create over $70 million in tax revenue for the County annually and create over 19,000 permanent jobs. Wang has expressed his displeasure many times in the past how young people (ages 25-34 specifically) continue to move off of Long Island in droves because they can't afford places to live.
Today Kate Murray and the Town of Hempstead will unveil a plan that gives Charles Wang and his partner about 50% of their initial vision. A major downside to her plan is that it will reduce the number of residential homes to 500 from 2,300. Chris Botta from Islanders Point Blank broke this story a couple of days ago and today it will become official.
This could be the last stand for the Islanders in Nassau County. Nassau County Executive Ed Mangano has already stated that “The Town of Hempstead’s new vision looks to be economically unviable to the developer and owner of the site.” To us, this sounds like Charles Wang and Scott Rechler have already decided this is not for them. The Islanders owner, who has been far from perfect in his own right, now needs to truly explore all of his options. Charles Wang has spent millions of dollars and going on 10 years of his life to see the Lighthouse Project come to fruition only to see the Town Of Hempstead stall and ultimately reject his and Nassau County's vision. The Town doesn't deserve the Islanders. Another option talked about the last few months, is the Islanders moving to Queens.
We first must wait to see how this pans out. It's possible that Charles Wang and Scott Rechler approve this vision from the Town of Hempstead. In fact, it might be exactly what the Town doesn't want. Many believe they have stalled for years in order to get Wang and Rechler out, and have someone else build and develop there. It's time the fans finally just get an answer.

For more coverage and truly informed statistics and breakdowns. Visit Let there be Lighthouse. Nick knows more about this than I think Wang and Rechler do. http://www.lettherebelighthouse.com/2010/07/unveiling-is-tomorrow.html

Can the Islanders really land Kovalchuk?

Is it worth it? For most teams 10 years and $100 million is a tough commitment to make. But when you are the New York Islanders, a team desperate to get an arena deal and sell out home games, it might make sense. It's also probably the only way to get a player like Ilya. Talk about it below...

10 Random Thoughts on Day One of Free Agency

Not sure today was worth calling in sick for, but nonetheless it was a very interesting, and sometimes perplexing opening day of free agency. Defense was the most sought out position as teams ponied up serious cash for offensive defensemen as well as stay at home types. Typically, the Rangers, Flyers, Penguins, and Red Wings are most active on July 1, but this year the Canadian hockey clubs made the most noise on Canada Day. Some for the better, (Vancouver,Ottawa), and some for the worse, (Calgary). In case you missed it, here were the top ten items of the day.

10. Martin Biron starts the day off as the first player signed. Funny how the former Islander goalie was signed so late a year ago(7/22), and signed so early this year by the NY Rangers.

9. What deals exactly are Evgeni Nabokov and Marty Turco waiting for? Turco reportedly turned down a contract from Philadelphia at a substantial price and who knows what the market is like for Nabakov. With eight goaltenders being signed today, all for less money than Nabokov and Turco would of wanted, teams clearly found other options.

8. Four goons were signed on July 1st. I found it surprising that teams went for tough guys this early in free agency. Jody Shelley, Raitis Ivanans, Derek Boogard, and Tim Jackman all were signed today. Maybe even more surprising was that Calgary signed two of them in Ivanans and Jackman. The Rangers gave Boogard, who has not scored a goal since 06, a four year contract. The Philadelphia Flyers gave Shelley a three year contract. At least we can look forward to a Shelley-Boogard tussle during the next Ranger-Flyer game.

7. Toronto Maple Leafs sign another 3rd line player. Colby Armstrong is a good player, and a great teammate, but doesn't Toronto have too many second and third liners? I can't come up with a true first line forward on that roster.

6. Clearly the biggest winner of the day was Sergei Gonchar. Kudos to his agent for getting him a three year contract when Pittsburgh was not going to go past two years. At $5.5 Million per year to play in Ottawa he did quite well today.

5. The Dan Hamuis and Zbynek Michalek factor. These two defensemen who are more the stay at home type, commanded lot's of interest around the league. Neither are household names, but they attracted big bucks and are now playing on teams with Stanley Cup aspirations. Hamhuis will help the Vancouver defense, and Michalek should fit in well in Pittsburgh with Goligoski, Letang, and Orpik and the newly signed Paul Martin.

4. Ilya Kovalchuck still not signed. Lot's of rumors all day that a deal was imminent with Los Angeles but nothing to report of as of tonight. Besides New Jersey, and perhaps Toronto, no other club has been linked to him. Maybe the KHL?

3. Steve Yzerman quietly improved the Lightning. Yzerman traded Mezaros and his $4M cap hit to Philadelphia, and shortly afterward signed Martin St.Louis to a contract extension. Tampa signed Dan Ellis at a bargain price to compete with Mike Smith to shore up the goaltending position.

2. The Flames did WHAT? The look of shock on the faces of the TSN panel were priceless when it was announced that Calgary had signed Olli Jokinen. What made the move more disconcerting was the fact that Calgary traded him to the NY Rangers on Februrary 1st. This site is not a fan of Jokinen, but may be even less of a fan of Raitis Ivanans who was signed by Duane Sutter hours after Jokinen. Throw in the signing of another former Flame, Alex Tanguay and it's very puzzling as to what is going on in Calgary these days.

1. Following Twitter with the latest updates was the way to go. Yes, it provided bogus trade rumors at times, but also produced classic lines like this one from Kingscast directed to the LA Kings. "This whole Kovalchuck watch is basically hockey blue-balls"

Versteeg to the Leafs? Yes, please!

Here I am, preparing to sit and watch the 4 hour bore-fest known by TSN as "Free Agent Frenzy" tomorrow to see what our Toronto Maple Leafs do to improve, and out of left field comes this message - "Leafs Acquire Kris Versteeg". It took a second to sink before I reacted to the news...

Awesome. For weeks we have heard stories about how Brian Burke has been searching for a top six forward, a player that can step in a contribute right away. Names from Marc Savard and Nathan Horton to Brayden Schenn and Bobby Ryan have all been thrown about. Many of the rumours have been incredibly far fetched and illogical. Now, we have seen Burke and the Leafs HQ come through, bringing in a genuine top six forward who has already proven himself to be a good offensive performer.

I am excited to see that the Leafs have managed to bring in a player like Kris Versteeg. Versteeg is only 24 years old and exploded onto the scene in 08-09. Last season, the Blackhawks added some players and Versteeg was bumped to the third line, playing with John Madden, and he still was able to put up over 40 points and score 20 goals despite limited ice time. Versteeg is good in his own end, and has great offensive instincts. He may be a little small, but that hasn't limited him so far in his career.

The cost for Versteeg is what makes this deal amazing. To get him and prospect Bill Sweatt from Chicago, the Leafs gave up Viktor Stalberg, Chris DiDomenico, and prospect Philippe Paradis. Out of the three leaving Toronto, only one has played time in the NHL (Stalberg) and none looked to be more then third line players - something the Leafs have plenty of. This deal works for Chicago because they still needed to clear some cap space, and Stalberg should still be a good player for them on their third line.

The best part is that the Leafs were able to keep Tomas Kaberle. Since his no-trade clause was lifted, it has seemed like a certainty that Burke would peddle Kaberle. Many thought that the only way the Leafs could add a legitimate top six forward was if Kaberle was part of the deal. Now, the Leafs have added that top six forward and kept Kaberle. Burke can now move Kaberle to continue improving our group of forwards, or he could keep the smooth skating defenceman and longest serving Leaf and start working on a contract extension with him.

By adding Versteeg, the Leafs have improved offensively and now have more options going forward towards "Free Agent Frenzy". I have to tip my hat to Brian Burke and the Leafs for this pleasant surprise.